B&TB&TB&T
  • Advertising
  • Campaigns
  • Marketing
  • Media
  • Technology
  • Regulars
    • Agency Scorecards
    • Best of the Best
    • Campaigns of the Month
    • CMO Power List
    • CMOs to Watch
    • Culture Bites
    • Fast 10
    • New Business Winners
    • Spotlight on Sponsors
  • Jobs
  • Awards
    • 30 Under 30
    • B&T Awards
    • Cairns Crocodiles
    • Women In Media
    • Women Leading Tech
Search
Trending topics:
  • Cairns Crocodiles
  • Nine
  • Seven
  • Cannes Lions
  • State of Origin
  • NRL
  • WPP
  • Pinterest
  • Thinkerbell
  • B&T Women in Media
  • imaa
  • AFL
  • Anthony Albanese
  • Spotlight on Sponsors
  • AI
  • Meta
  • Foxtel
  • TV Ratings
  • Radio Ratings
  • Sports Marketing

  • About
  • Contact
  • Editorial Guidelines
  • Privacy
  • Terms
  • Advertise
© 2025 B&T. The Misfits Media Company Pty Ltd.
Reading: Former Telstra Exec Gerd Schenkel Named Tyro Payments’ New CEO
Share
B&TB&T
Subscribe
Search
  • Advertising
  • Campaigns
  • Marketing
  • Media
  • Technology
  • Regulars
    • Agency Scorecards
    • Best of the Best
    • Campaigns of the Month
    • CMO Power List
    • CMOs to Watch
    • Culture Bites
    • Fast 10
    • New Business Winners
    • Spotlight on Sponsors
  • Jobs
  • Awards
    • 30 Under 30
    • B&T Awards
    • Cairns Crocodiles
    • Women In Media
    • Women Leading Tech
Follow US
  • About
  • Contact
  • Editorial Guidelines
  • Privacy
  • Terms
  • Advertise
© 2025 B&T. The Misfits Media Company Pty Ltd.
B&T > Technology > Former Telstra Exec Gerd Schenkel Named Tyro Payments’ New CEO
Technology

Former Telstra Exec Gerd Schenkel Named Tyro Payments’ New CEO

melina
Published on: 24th October 2016 at 3:46 PM
melina
Share
3 Min Read
SHARE

Telstra’s former digital executive director, Gerd Schenkel, has landed the CEO role at fintech payments processor Tyro Payments.

He will take over today from Jost Stollmann, who will continue as a full-time executive director and board member for Tyro.

Gerd Schenkel & Jost Stollmann
Pictured: Gerd Schenkel and Jost Stollmann.

Schenkel’s appointment comes after the fintech player secured a bank licence and $100 million in new capital, which included financial backing from Atlassian’s Mike Cannon-Brookes and Tiger Global Management.

Tyro is Australia’s only independent EFTPOS banking institution and is the first new entrant into banking in more than 18 years.

Schenkel has more than 17 years’ experience in the Australian banking and technology sector and holds a postgraduate robotics degree from Germany’s University of Stuttgart and an MBA from Columbia Business School.

The Telstra Digital founder left the telco in April after five years as executive director and was part of the executive team under former Telstra CEO David Thodey.

During his time at the Telstra, Schenkel transformed the company’s digital channels, which now account for more than half of all customer transactions, with 500 million customer contacts annually. He also oversaw $350 million in capital investments that produced around $300 million in annual operating cost savings.

Schenkel’s appointment at Tyro also marks his return to the financial services sector, having founded Australia’s first digital deposit and mortgage bank, UBank, in 2008 (which is owned by NAB). Prior to his role at UBank, Schenkel was a director of strategy and business development at Citigroup Australia.

Commenting on his appointment, Schenkel said he was attracted to his new role at Tyro by the unique opportunity to build a new kind of organisation through delivering frictionless banking and access to debt for Australia’s SMEs and growth companies.

“Tyro is a new kind of company with a uniquely attractive culture – it’s a technology company that happens to be a bank, not the other way around,” he said.

“Australia needs a viable and strong banking sector which is customer-centric and technology-literate – a Tyro delivering fair, transparent and smart banking.”

Join more than 30,000 advertising industry experts
Get all the latest advertising and media news direct to your inbox from B&T.

No related posts.

TAGGED: Advertising Standards Bureau, einsights
Share

Latest News

Melissa Fein Unpacks Impostor Syndrome & Modern Career Challenges
14/07/2025
TV Ratings (13/07/2025): All Eyes On Japan As Travel Guides Welcome New Addition
14/07/2025
Former News Corp Execs Dale Foenander & Matt Paine Launch Lamington Digital
14/07/2025
Woolies Appoints Interim CMO As Andrew Hicks Makes The Move To M&S In The UK
14/07/2025
//

B&T is Australia’s leading news publication magazine for the advertising, marketing, media and PR industries.

 

B&T is owned by parent company The Misfits Media Company Pty Ltd.

About B&T

  • About
  • Contact
  • Editorial Guidelines
  • Privacy
  • Terms
  • Advertise

Top Categories

  • Advertising
  • Campaigns
  • Marketing
  • Media
  • Opinion
  • Technology
  • TV Ratings

Sign Up for Our Newsletter



B&TB&T
Follow US
© 2025 B&T. The Misfits Media Company Pty Ltd. All Rights Reserved.
Welcome Back!

Sign in to your account

Register Lost your password?